Godrej Group's Smitha V Crishna who owns one-fifth of the Godrej Group along with her brothers commands a net worth of Rs. 37,570 crore and tops the richest Indian woman list as per the Kotak Wealth Hurun - Leading Wealthy Women 2018 report.........

The government on Monday dismissed the MD and CEO of Allahabad Bank, Usha Ananthasubramanian who was named in the CBI charge sheet in connection with the ₹14,000 crore fraud at PNB. It also gave sanction for her prosecution.........

India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, rating agency Crisil said. The report says the country will touch 78-80 GW, against the current capacity of 21.65 GW.........

The registration of Jio Phone 2 will begin in the next couple of days on August 15. The Jio Phone 2 has succeeded last years’ Jio Phone. Apart from Jio Phone 2, the registration process for GigaFiber, GigaTV and Smart Home will also begin on the same date.........

Indian Oil Corp. Ltd, the nation’s biggest oil firm, has reported a 50% jump in June quarter (Q1) profit as inventory gains negated lower refining margins. Indian Oil’s consolidated net profit rose to ₹ 6,831 crore in Q1 2018-19 compared with ₹ 4,549 crore in the same period last fiscal.........

Anant Bajaj, MD Bajaj Electricals and the son of Bajaj Electricals Chairman Shekhar Bajaj passed away due to cardiac arrest on Friday. He was 41 years old and the member of the young Entrepreneur Wing of the Indian Merchant's Chamber.........

HDFC Bank’s Deputy Managing Director Paresh Sukthankar has resigned after having worked with the bank for 24 years since its inception in 1994. He will step down from his position after 90 days (three months) for now.........

A committee set up by the Securities and Exchange Board of India (SEBI) has recommended giving the capital market watchdog direct powers to intercept phone calls for better investigation while strengthening the regulations to act against perpetrators of financial statements fraud.........

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 surged to their fresh record highs. BSE Sensex rose 162.56 points to a new all-time high of 38,050.12 and the Nifty 50 rose 45.2 points to a fresh record high of 11,495.20.........

The Supreme Court has directed Amrapali Group directors and promoters to file details of their assets including valuation within 15 days. The apex court also warned them not to play smart with the court or they should be ready to face consequences.........

Elon Musk says it’s “the best path forward” because taking Tesla private would help minimize some of the distractions that come as a result of “wild swings in our stock price.” Going private would also enable Tesla to make decisions that are best for the long-term, rather than the short-term........

The International Monetary Fund (IMF) has cautioned India against macro-financial risks which emerged from the government ownership of the public sector banks and suggested to the country that it should consider privatisation of these lenders.........

India may stop wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval as part of a crackdown on promoters looking to leave the country without meeting repayment obligations. ........